Sovereign Wealth Fund: Na evaluation of the fluminense model
Sovereign Wealth Fund, Rio de Janeiro State, Fluminense Economy
With the approval of the state Sovereign Wealth Fund, which can help to overcome a historic challenge posed to the society of Rio de Janeiro, which is the definition of a development strategy for the region after the change of the capital, it is necessary to research and analyze the genesis of these funds, in a broad way, so that we can analyze the local fund with more property and advance in the identification of the best practices of transparency and management that need to be observed by the operators of public policies of the state with the objective, as stated in the amendment 86/2021 of the constitution of the Rio de Janeiro State, and in the Complementary Law 200/2022 that institutes the sovereign fund, to finance social and economic development. This analysis is the objective of this dissertation. We assume the hypothesis that the sovereign fund is an adequate instrument to leverage the social and economic development of Rio de Janeiro State in the long term, provided that world-class transparency and management practices are observed and adopted.